Actuarial Analyst

About the Team:

Strategic Risk Consulting (SRC) is a part of the wider WTW Risk & Analytics division which provides an integrated approach to risk management in complex business environments.  Strategic Risk Consulting is a diverse team with a global footprint and includes actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. Strategic Risk Consulting helps companies to identify, quantify and optimise and their major risks, and to connect risk management decisions with corporate financial performance objectives.

The Role – Actuarial Analyst 

Working within this rapidly growing global team of over 100 risk consultants, this role will centre on providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients all over the world. 

 You will be hungry to grow the depth and breadth of your actuarial modelling capabilities and have both the innovation and problem-solving abilities that are regularly required to develop bespoke, and often complex models for our clients.

 For the successful candidate this role offers a stimulating, internationally focused opportunity to stretch your existing actuarial capabilities, and to develop your project management, and client-facing skills. Following qualification, you can look forward to business development and management opportunities.

 What you will do 

 Pricing and Optimisation 

■ Help clients to optimise their insurance strategy by ensuring that the price they pay is optimum for the level of risk being transferred. 

■ Construct forward looking actuarial loss forecast models for corporations across all geographies and industries. 

■ Produce strategic recommendations based on model results to help clients manage their risks more effectively.

Capital Modelling and Solvency II 

■ Providing an objective view of the profitability and financial strength of captive insurers.

 ■ Actively contribute to the Actuarial Function of these Captive Insurers and review their Solvency Capital Requirements (SCR) and Technical    Provision (TPs), periodically. 

■ Assist in developing assumptions, and challenging them where required, to ensure a robust risk management framework.

 ■ Support ongoing compliance with regulations and timely completion of regulatory returns across a number of domiciles 

Pricing and Optimisation Reserving 

■ Work collaboratively with fellow colleagues to produce actuarial reserving analysis for both our corporate clients and captive insurance clients. ■ Write client deliverables / reports in a clear, concise and appropriate style. 

Aside from the core activities described above, the successful candidate will also be expected to assist with ad-hoc projects which could include, but are not limited to: 

■ Bespoke modelling. 

■ Development of modelling tools. 

■ Assisting with client pitches and Request for Proposals (RFPs). 

■ Researching prospects and markets. 

The successful candidate will receive training and study support within a stimulating, multi-disciplined team of actuaries and other risk professionals to develop their technical, commercial and management skills.

Essential Requirements for the Role 

■ Highly numerate with a recognised degree. 

■ Spoken and written English must be at native speaker level. Spanish would be a bonus.

 ■ A commitment to pursuing actuarial qualifications. 

■ Excellent Microsoft Office skills. 

■ Proficiency in one of R/R Shiny, Python, Power BI, RADAR, Igloo.

■ Strong communication skills.

■ A natural team player and ready to do whatever it takes to deliver high quality services to our clients, on time. 

The Application Process

• Stage 1: Online application and recruiter review

• Stage 2: Pre-recorded video interview

• Stage 3: Live video or in person interview with hiring manager and team

• Stage 4: Offer and onboarding

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.